Hospital & Medical Practitioners M&A » By The Online Investor Staff, updated Fri., Mar. 29, 9:57 AM
Recent mergers and acquisitions in the Hospital & Medical Practitioners M&A category.
Slide #22. WellCare Health Plans, Inc. — Windsor Health Group
Acquirer: |
WellCare Health Plans, Inc. (WCG) |
Acquiree: |
Windsor Health Group |
Details: |
WellCare Health Plans, Inc. (NYSE:WCG) today announced that it has agreed to acquire Windsor Health Group, Inc., Atlanta, Ga., a part of Munich Re. Through its subsidiaries, Windsor serves Medicare beneficiaries with Medicare Advantage, Prescription Drug Plan (PDP), and Medicare Supplement products in many states across the U.S. "Windsor's focus on lower income Medicare beneficiaries and those who are dually eligible for Medicare and Medicaid is an excellent fit with WellCare's Medicare and broader government health care programs strategy," said Alec Cunningham, WellCare's CEO. "Windsor has been strengthening its products and service performance, and expects to experience further improvement in 2014 and beyond." Windsor currently offers Medicare Advantage plans in 297 counties primarily in the states of Mississippi, Tennessee, Arkansas, and South Carolina, among others, and serves approximately 59,000 members. Windsor's PDPs serve approximately 164,000 members. In addition, one of Windsor's subsidiaries offers Medicare Supplement insurance policies through which it serves approximately 52,000 members in 40 states. |
WellCare Health Plans is a holding company. Through its subsidiaries, Co. is a managed care company and focuses primarily on providing government-sponsored managed care services to families, children, seniors and individuals with complex medical needs primarily through Medicaid, Medicare Advantage and Medicare Prescription Drug Plans, as well as individuals in the Health Insurance Marketplace. Medicaid provides medical assistance to elderly, disabled, children and their families. The Medicare program provides health care coverage primarily to individuals age 65 or older as well as to individuals with certain disabilities and consists of four parts, labeled A through D.
Open the WCG Page at The Online Investor »
Open the WCG Page at The Online Investor (in a new window) »
|
March 29, 2024 9:57 AM Eastern
Hold (2.44 out of 4)
100th percentile
|
|